Which of the Following Terms Refers to a Loss to a Ship

question 72

Multiple Choice

Which of the following terms refers to a loss to a ship or its cargo that is not to be shared in by contributions from all those interested, but is to be borne by the owner of the injured thing?

• A) dead freight
• B) maritime lien
• C) general average
• D) particular average

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Definitions:

Bank Reconciliation

The process of matching up the balances in a company's accounting records for a cash account to the corresponding information on a bank statement.

Gear Icon

A common symbol in software and applications that provides access to settings or tools.

Create (+) Icon

A graphical interface element typically used in software applications to indicate the functionality for adding new items, such as records, files, or directory entries.

Bank Deposit

The act of placing money into a banking institution for safekeeping, which can also refer to the money that has been deposited.